Bloomin' Brands Q3 revenue tops estimates on new restaurant openings

Bloomin Brands

06/11/2025 11:44

Overview

Bloomin' Brands Q3 revenue rises 2.1%, beating analyst expectations

Adjusted EPS for Q3 beats consensus despite reported loss

Company suspends dividend to support turnaround strategy, focusing on Outback Steakhouse

Outlook

Company reaffirms full-year adjusted EPS guidance of $1.10 to $1.15

Bloomin' Brands expects Q4 U.S. comparable sales growth of 0.5% to 1.5%

Company anticipates labor inflation of approximately 3.5% for 2025

Result Drivers

REVENUE GROWTH - Driven by new restaurant openings and higher U.S. comparable restaurant sales, despite lower franchise revenues

MARGIN PRESSURE - Higher commodity, labor, and insurance costs due to inflation impacted restaurant-level operating margins

TURNAROUND STRATEGY - Focus on Outback Steakhouse with strategic investments and debt reduction, dividend suspended

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$928.80 mln
$906.93 mln (11 Analysts)
Q3 Adjusted EPS
Beat
-$0.03
-$0.12 (13 Analysts)
Q3 EPS
-$0.54
Q3 Adjusted Operating Income Margin
0.80%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy."

Wall Street's median 12-month price target for Bloomin' Brands Inc is $7.63, about 5.2% above its November 5 closing price of $7.23

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw644Pb1a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)